Performance-Linked Share-Based Compensation Plan for Directors
First written in FY2017. 6 of 16 entries say "Advanced", first in FY2018-Q1. Latest entry: FY2026.
Ivy Cosmetics moved to the "Worse" side of this theme in 2021, 3 years before the typical company in this theme (2024).
The whole theme swung hardest in 2020: 4 of 30 companies on the "Worse" side.
6 other companies' latest entry also says "Other".
- FY2026Grant conditions not met; no points granted to directorsAnnual report
「During the fiscal year, net sales were ¥2,641 million and operating income before ESOP deductions was ¥195 million. As these figures did not meet the grant conditions set by the Company, namely net sales of at least ¥4.5 billion and operating income before ESOP deductions of at least ¥500 million, no points were granted under the new performance-linked stock compensation program for directors for the fiscal year.」
The performance-linked stock compensation program for directors remains in place, but no points were granted during the fiscal year because the grant conditions were not met. - 2026-06-04RestatedGeneral Meetings of Shareholders
「The carrying amount and number of shares of the treasury stock were ¥364,348 thousand and 46,120 shares, respectively, for the fiscal year.」
The company reaffirmed the purpose of its performance-linked stock compensation plan for directors and the status of the remaining shares. - FY2024AdvancedAnnual report
「Shares delivered during the fiscal year 445 shares … Shares held by the executive stock delivery trust at the end of the fiscal year 46,120 shares」
Upon an officer’s retirement, 445 shares were delivered, leaving 46,120 shares in the executive stock delivery trust. Meanwhile, performance during the fiscal year did not meet the grant conditions, so no new points were granted. - FY2024-Q2AdvancedAnnual report
「The carrying amount and number of these treasury shares were ¥367.863 million and 46,565 shares, respectively, at the end of the previous fiscal year, and ¥364.348 million and 46,120 shares, respectively, as of the end of the second quarter of the current fiscal year. (445 shares were delivered upon an officer’s retirement.)」
Upon an officer’s retirement, 445 shares were delivered, reducing the remaining shares in the executive stock delivery trust from 46,565 to 46,120. - FY2023RestatedAnnual report
「During the fiscal year, net sales were ¥2,942 million and operating loss before ESOP deductions was ¥18 million. As these figures did not meet the grant conditions set by the Company, namely net sales of at least ¥4.5 billion and operating income before ESOP deductions of at least ¥500 million, no points were granted under the new performance-linked stock compensation program for directors for the fiscal year.」
The stock compensation program for directors remains in place, but the net sales and operating income conditions were not met, so no points were granted during the fiscal year. - FY2023-Q1Revision of grant criteria and extension of the trust periodAnnual report
「Upon expiration of the initial 5-year trust period for the new performance-linked stock compensation program for directors on 30 June 2022, the grant criteria were revised, based on net sales of at least ¥4.5 billion and operating income before ESOP deductions of at least ¥500 million, and the program was extended by 1 year.」
Upon expiration of the trust period, the grant criteria for the performance-linked stock compensation program for directors were revised and the program was extended by 1 year. - FY2022SoftenedAnnual report
「As all directors decided to waive the points receivable under the executive stock compensation program for the fiscal year, no points were granted under the performance-linked stock compensation program for the fiscal year.」
The performance-linked stock compensation program remains in place, but all directors again waived their points receivable for the fiscal year, so no points were granted. - FY2021SoftenedAnnual report
「As all directors decided to waive the points receivable under the executive stock compensation program for the fiscal year, no points were granted under the performance-linked stock compensation program for the fiscal year.」
The performance-linked stock compensation program remains in place, but all directors waived their points receivable for the fiscal year, so no points were granted. - FY2020-Q3AdvancedAnnual report
「As 1,935 shares were delivered to officers during the second quarter, the carrying amount and number of these treasury shares were ¥383.150 million and 48,500 shares, respectively, at the end of the previous fiscal year, and ¥367.863 million and 46,565 shares, respectively, as of the end of the third quarter of the current fiscal year.」
1,935 shares were delivered from the executive stock delivery trust, leaving 46,565 shares with a carrying amount of ¥367.863 million. - FY2020-Q2AdvancedAnnual report
「The carrying amount and number of these treasury shares were ¥383.150 million and 48,500 shares, respectively, at the end of the previous fiscal year, and ¥367.863 million and 46,565 shares, respectively, as of the end of the second quarter of the current fiscal year.」
As stock deliveries from the executive stock delivery trust progressed, the remaining shares decreased from 48,500 to 46,565 and the carrying amount decreased from ¥383.150 million to ¥367.863 million. - FY2020-Q1RestatedAnnual report
「The carrying amount and number of these treasury shares were ¥383.150 million and 48,500 shares, respectively, at the end of the previous fiscal year and as of the end of the first quarter of the current fiscal year.」
The performance-linked stock compensation program for directors held 48,500 remaining shares with a carrying amount of ¥383.150 million, unchanged from the end of the previous fiscal year. - FY2019-Q1RestatedAnnual report
「The carrying amount and number of these treasury shares were ¥383.150 million and 48,500 shares, respectively, at the end of the previous fiscal year and as of the end of the first quarter of the current fiscal year.」
For the performance-linked stock compensation program for directors, the Company continues to disclose a carrying amount of ¥383.150 million and 48,500 shares. - FY2018-Q3RestatedAnnual report
「The carrying amount and number of these treasury shares were ¥383.150 million and 48,500 shares, respectively, as of the end of the third quarter of the current consolidated fiscal year.」
For the executive stock delivery trust, the carrying amount and number of the remaining treasury shares have been restated with the same figures as disclosed for the previous quarter. - FY2018-Q2AdvancedAnnual report
「The Company’s shares remaining in the trust are recorded as treasury shares under net assets at their carrying amount in the trust, excluding incidental costs. As of the end of the second quarter of the current consolidated fiscal year, the carrying amount and number of these treasury shares were ¥383.150 million and 48,500 shares, respectively.」
For the executive stock delivery trust, 48,500 treasury shares with a carrying amount of ¥383.150 million have been disclosed as actual results. - FY2018-Q1AdvancedAnnual report
「(2) Amount placed in the trust as funds for share acquisition ¥383,150,000 (3) Total number of shares to be acquired 48,500 shares (4) Method of share acquisition Acquisition through the disposal of treasury shares by way of a third-party allotment (5) Scheduled acquisition date 25 August 2017」
For the executive stock delivery trust, the Company disclosed the specific implementation details: ¥383,150,000 in acquisition funds, 48,500 shares to be acquired, and the scheduled disposal of treasury shares on 25 August 2017. - FY2017First statedAnnual report
「Based on a resolution at the general meeting of shareholders held on 29 June 2017, the Company introduced a new performance-linked stock compensation program for directors, with the aim of clarifying the link between the Company’s performance and share value and directors’ compensation, encouraging directors to share with shareholders both the benefits of a rising share price and the risk of a falling share price, and heightening their awareness of contributing to improved medium- to long-term performance and increased corporate value by sharing the gains and risks arising from share price movements with shareholders.」
The program was introduced with a trust period of approximately 5 years from August 2017 to August 2022, a maximum of ¥1.5 billion in funds for share acquisitions, and a maximum planned acquisition of 15,000 shares per year.